Blackstone Launches $10b Opportunistic Credit Fund

Blackstone Inc., a leading global private equity firm, has announced its plan to launch a $10 billion opportunistic credit fund, aligning with other major investors in seizing opportunities within credit markets.

Joining the ranks of Oaktree Capital Management and HPS Investment Partners, Blackstone’s move underscores the growing trend of raising substantial funds for opportunistic credit investing. This initiative reflects the thriving $1.6 trillion private credit industry, as volatility persists in public high-yield debt markets due to elevated interest rates and apprehensions of an economic slowdown.

Blackstone’s previous success in this domain is evident, with its last fund, Blackstone Capital Opportunities Fund IV, closing in January 2022 at a formidable size of $8.75 billion. This new endeavor further solidifies Blackstone’s position as a powerhouse in the private equity landscape, poised to navigate and capitalize on evolving market conditions.